Pennsylvania Statutes Title 72 P.S. Taxation and Fiscal Affairs § 4754-5. Exemption schedule

(a) Amount of exemption.--A local taxing authority granting a tax exemption pursuant to this act may provide for tax exemption on the assessment attributable to the actual cost of improvements or up to any maximum cost uniformly established by the local taxing authority.  The maximum cost shall apply uniformly to all eligible unimproved residential property within the local taxing authority jurisdiction.

(b) Schedule of taxes.--Whether or not the assessment eligible for exemption is based upon actual cost or a maximum cost, the actual amount of taxes exempted shall be in accordance with the schedule of taxes exempted established by the local taxing authority, subject to the following limitations: